History
The airline was established on 17 March 1967 under the name Air Volta. It was originally part owned by the Burkinabé government, part by Air France and part privately held. After the demise of Air Afrique, the state of Burkina Faso on 21 February 2001 privatised Air Burkina, transferring 56% of the shares to the AKFED / IPS consortium (part of the Aga Khan Development Network).
It purchased its first aircraft, an Embraer EMB-110 Bandeirante, in 1978, and added a second, a Fokker F28, in 1983. The airline has had serious debt problems, reaching a deficit of one billion CFA francs in 1992 (approx. € 1,500,000). However, by the time of privatization in 2001, the debt had largely been alleviated and the company was predicting an annual revenue of around 3.5 billion CFA francs (more than € 5,000,000). The company saw a general strike in 2002, when workers demanded a 25% wage increase. In the resulting conflict, the director-general of Air Burkina was forced to resign. The company works closely with Air Mali of Bamako, and codeshares with that airline on many routes.
Read more about this topic: Air Burkina
Famous quotes containing the word history:
“The history of persecution is a history of endeavors to cheat nature, to make water run up hill, to twist a rope of sand.”
—Ralph Waldo Emerson (1803–1882)
“All history attests that man has subjected woman to his will, used her as a means to promote his selfish gratification, to minister to his sensual pleasures, to be instrumental in promoting his comfort; but never has he desired to elevate her to that rank she was created to fill. He has done all he could to debase and enslave her mind; and now he looks triumphantly on the ruin he has wrought, and say, the being he has thus deeply injured is his inferior.”
—Sarah M. Grimke (1792–1873)
“Both place and time were changed, and I dwelt nearer to those parts of the universe and to those eras in history which had most attracted me.”
—Henry David Thoreau (1817–1862)